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Auction Information
Auctioneer Key Auctioneers 855-353-1100
Auction Date Mar 21 Auction
1220 Dr. Martin Luther King Jr. Blvd
Anderson, IN
Time 10:00AM
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Auction Listing
AuctionZip Auctioneer ID# 11453

Auction Details

The Pit Stop has long been a staple for Anderson’s race and softball fans located across from the Anderson Speedway and next door to Crawford Field Softball Complex. This site will make a great retail or service based business location with exposure to nearly 10,000 vehicles daily. You will also have the opportunity to bid on a 1,420 SF storage building on 0.29 acres located directly behind The Pit Stop for increased storage or parking.

Pre-auction offers on the entire turn-key package of The Pit Stop’s real estate, liquor license and FF&E are welcome and can be entertained.

Click Here for Auction Terms, Parcel Map and additional due diligence!

Auction Location Address: 1220 Dr. Martin Luther King Jr. Blvd, Anderson, IN 46016

Offering #1 – Bar and House


1220 Dr. Martin Luther King Jr. Blvd., Anderson, IN 46016

Zoning – City of Anderson

B-1 (Local Business District)

Parcel Numbers

48-11-14-404-140.000-003, 48-11-14-404-141.000-003,                  48-11-14-404-004.000-003

Lot Size

0.43 Total Acres

Frontage Area

182′ on Dr. MLK Blvd. / 190′ on Forkner St.

Building Size

Bar – 3,980 SF / House – 944 SF

Year Built

Bar – 1956 / House – 1950

Parking Lot

Paved Asphalt

Assessed Tax Value

$81,400 (2017)

Annual Taxes

$2,442 (2016 pay 2017)

Other Pertinent Data

Neighbors include Anderson Speedway & Crawford Field.


Road-side pole sign with customizable letter board on MLK


House has 2 Beds / 1 Bath per Madison Co. Assessor



Offering #2 – Storage Building and Vacant Land


1220 W. 24th St., Anderson, IN 46016

Zoning – City of Anderson

R-3 (Single & Two-Family Residential)

Parcel Numbers

48-11-14-404-142.000-003 & 48-11-14-404-143.000-003

Lot Size

0.29 Total Acres (127′ x 100′)

Frontage Area

127′ on W. 24th St. / 100′ on Forkner St.

Building Size

1,420 SF

Year Built


Assessed Tax Value

$19,100 (2017)

Annual Taxes

$191 (2016 pay 2017)



General Auction Terms for Real Estate

Required Non-Refundable Earnest Money Deposit

$5,000 cashier’s check or cash per property from high bidder(s) immediately upon conclusion of the auction.

Closing Time

30 days from date of auction (April 20, 2018)

Tax Administration

Prorated to date of closing.  Buyer not responsible for past due.

Buyer’s Premium

10 %



Welcoming pre-auction offers on The Pit Stop real estate, liquor license and equipment package.



If not sold as a package pre-auction, The Pit Stop’s 210 liquor license (Restaurant 3-way w/ carry out), equipment and furnishings will be auctioned after the real estate auction purchase agreement signing is complete.

For more information, contact our office:
(317) 353-1100 (Office)

Key Terms
10% buyers premium will be collected
Licenses: Seth Seaton: AU10900115 Auction Co: AC30900124
Seller: Multiple Sellers


Auctioneer License Information: AC30400094

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